Jamie Dimon’s Word Is Stronger, More Long-Lasting, Than Gold
Category: Word Press
By David Benoit
Jamie Dimon continues to get some serious love from his brothers in rich-people finance.
Earlier this week we saw WarrenBuffett compliment his ability to write a great letter, a compliment JD returned yesterday to the Oracle. Buffett added he personally owns shares of J.P. Morgan and applauded Dimons shares ideas on capital management.
And today, Alan Schwartz, the executive chairman of Guggenheim Partners and the man who handed Bear Stearns over to Dimon in that seminal deal, praised Dimons integrity.
Speaking on CNBC this morning, Schwartz said the discussions during those turbulent times included many promises from Dimon. They werent contractual obligations, just his word. Even as things continued to get worse, and the banks found themselves in a blizzard of problems and bad press, Dimon didnt back down from any single promise Schwartz said.
His word was more important, Schwartz added.
The bromances are coming out in full as the spring-time nears.
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Jamie Dimon’s Word Is Stronger, More Long-Lasting, Than Gold
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